German investment into China reached a record high in 2023, with over 91 percent of German companies reaffirming their commitment to the Chinese market, according to Jens Hildebrandt, executive director and board member of the northern branch of the German Chamber of Commerce in China.
In an exclusive interview with CGTN’s Lily Lyu, Hildebrandt shared insights on the optimistic outlook of German businesses operating in the Chinese mainland. “Despite global economic uncertainties, German companies continue to see vast opportunities in China,” he stated. “The Chinese market remains a cornerstone of their global strategy.”
The year 2023 witnessed a significant surge in German investments, reflecting confidence in China’s economic resilience and growth potential. Hildebrandt emphasized that this trend is expected to continue into 2024, highlighting sectors such as automotive, manufacturing, and technology as key areas of collaboration.
“Our members are particularly interested in the innovation and sustainability initiatives promoted within China,” Hildebrandt noted. “We are working closely to facilitate partnerships that drive mutual growth and understanding.”
The German Chamber of Commerce in China is actively enhancing its role in promoting investment and fostering business ties. Initiatives include organizing industry conferences, facilitating dialogues between German and Chinese enterprises, and providing platforms for knowledge exchange.
“Strengthening the bridge between German businesses and the Chinese market is our priority,” Hildebrandt said. “By supporting our members and encouraging open communication, we aim to contribute to the prosperity of both economies.”
The optimistic sentiment among German companies aligns with China’s ongoing efforts to create a favorable business environment for foreign investors. As both nations look toward the future, the collaborative relationship is set to deepen, bringing new opportunities for innovation and development.
Reference(s):
cgtn.com
